Discover your dream Career
For Recruiters

Thursday's Headlines: U.S. Bancorp to hire for its new program for the ultra-wealthy

U.S. Bancorp plans to hire 70 to 80 people for its newly created program aimed to help ultra-high-net-worth individuals "focus on wealth-transfer goals rather than only wealth accumulation," according to an Investment News article.

The Minneapolis based bank has hired several Wells Fargo executives to steer the initiative, called Ascent Private Capital Management, including chairman and CEO Richard Davis.

Other news:

Bernanke signaled that the central bank is in no rush to scale back its stimulus plan. [Reuters]

Regulators' new proposed rules aimed to curb swap market risk would require large firms trading derivatives to boost their capital cushions. [DealBook]

Deutsche Bank posted near record first-quarter profit on investment banking gains and acquisitions in retail banking and wealth management. [Reuters]

Industrial & Commercial Bank of China's 1Q earnings rose 29% on lending and fee income. [Bloomberg]

BB&T and PNC Financial are among those interested in buying Royal Bank of Canada's U.S. consumer bank. [Businessweek]

Indonesia sold $2.5 billion of 10- year dollar bonds after attracting bids for almost three times that amount - an example of the appetite for the assets of developing economies. [Bloomberg]

Jesus-loving Beverly Hills hedge fund shut down by SEC. [Forbes]

author-card-avatar
AUTHOREmma Johnson Insider Comment

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Asian Infrastructure Investment Bank
Senior IT Internal Auditor (Base in Beijing)
Asian Infrastructure Investment Bank
New York, United States
State Street Corporation
Software Engineer - Payments
State Street Corporation
Quincy, United States
State Street Corporation
JAVA Development Lead, Assistant Vice President, Onsite
State Street Corporation
Quincy, United States
State Street Corporation
Offensive Security External Red Team Lead
State Street Corporation
Quincy, United States
State Street Corporation
Emerging Technologies Governance Lead, MD
State Street Corporation
New York, United States
State Street Corporation
Azure Platform Engineering Lead, VP
State Street Corporation
Quincy, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.